Councilmark Asset Management LLC Takes Position in NVR, Inc. $NVR

Councilmark Asset Management LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 176 shares of the construction company’s stock, valued at approximately $1,199,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. Clearstead Trust LLC bought a new position in NVR during the 2nd quarter worth approximately $27,000. DV Equities LLC bought a new stake in NVR in the fourth quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new position in NVR in the 4th quarter valued at about $29,000. Trust Co. of Vermont bought a new stake in shares of NVR in the second quarter valued at about $34,000. Finally, Oakworth Capital Inc. acquired a new stake in NVR during the fourth quarter worth approximately $36,000. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director George Oliver bought 63 shares of the stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of research analyst reports. UBS Group reduced their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. BTIG Research set a $7,446.00 price target on NVR in a research note on Friday, July 24th. Bank of America lowered their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7,224.20.

NVR Stock Performance

NVR stock opened at $6,432.84 on Wednesday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $6,450.03 and a two-hundred day simple moving average of $6,587.13. The company has a market capitalization of $17.11 billion, a PE ratio of 16.68, a P/E/G ratio of 10.69 and a beta of 0.91.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $108.54 earnings per share. Research analysts expect that NVR, Inc. will post 367.13 EPS for the current year.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.